Tuesday May the 22nd, 2012 

Miguel Fernandez Morales MBA, LLB, Sales Representative

RE/MAX 2000 Realty Inc. Brokerage

Independently owned and operated

1885 Wilson Ave, Toronto ON, M9M 1A2

Phone: 416-743-2000

Fax: 416-743-2697

Toll: 1-888-915-5050

Direct: 647-894-0553

miguel.fernandez@rogers.com

Should I sell my home my self or use a Real Estate professional?

June 21, 2010 - Updated: July 9, 2010

 So you have decided to sell your home? 
There are many things to consider and many questions that you will have as you prepare for this sometimes confusing and complicated process.  
 
Get Answers to Questions like

  • Should I sell it myself or use a Real Estate professional?"

Can I go it alone - What it is like to be a FSBO (For Sale By Owner)?
The Risks of Selling Your Property Yourself

  1. When you sell your home yourself, you have limited exposure to qualified buyers, who are working with real estate professionals (more than 30 000)to find their dream home, which theoretically means your home will take longer to sell on the market.
  2. The longer a home is on the market the lower the selling price is. Why? Because most buyers think that if the home has not sold after a while...there must be something wrong with the home.
  3. Most buyers find it extremely awkward to negotiate or even to talk directly with sellers and therefore avoid FSBO properties. The real estate professional has been trained to overcome objections and negotiate a successful home sale transaction.
  4. You have no way to screen the home buyers who call and want to see your home.   You may be compromising the safety of your family.
  5. If you use a Lawyer to help you negotiate the real estate offer, then your Lawyer's fees will be considerably higher.
  6. You only pay the commission to the real estate broker if they successfully sell your house at the price acceptable to you.   During the marketing time, the real estate broker absorbs the marketing costs.
  7. Accepting an offer for your home is one thing, ensuring a safe and successful closing of a real estate transaction is quite another. Real estate transactions sometimes have problems to be resolved near the closing.   This is the time that your experienced real estate professional can be the most helpful by acting as a great mediator. Lawyers MUST act only on their client's instructions and are not paid to negotiate

  Using the Services of a Real Estate Professional When Selling

Using the services of a Real Estate Professional begins with finding the person that you feel will best represent your interests in the marketing and negotiating processes. Statistically, family and friends make up 68% of a real estate professional's business, which means that consumers do business with the people that they know and trust.

If you do not know a real estate professional that you would trust to sell your home, please ask the people in your sphere of influence who they have successfully used for real estate services.

You may find it helpful to interview more than one real estate professional. The purpose of the interview is to hear how the professional would market your home to find a qualified buyer and how they would communicate the processes from the time of real estate listing to the closing day.
 

 


Tagged with: fsbo vs realtor miguelfernandez realtor latino casastoronto homes houses condos real estate
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